Mumbai: Banks are struggling to create a common pact for lending to companies that will need funds to grow, rejig their loans, and battle the slowdown wrecked by the Covid-19 pandemic. Large private and foreign banks have voiced their reservations against the State Bank of India’s (SBI) proposal to frame an omnibus inter-creditor agreement (ICA) … Read more
New Delhi: Prime Minister Narendra Modi on Thursday held a brainstorming session with financial sector regulators and discussed various measures to revive the economy hit hard by COVID-19 crisis. According to sources, the meeting discussed various steps that regulators, especially the Reserve Bank of India, can take to push economic growth staring at the risk … Read more
NEW DELHI: Commerce and industry minister Piyush Goyal on Thursday called for all nations to enhance transparency in their trade and build trust, and stressed on removing multiple hurdles in access to medicines at affordable prices. The BRICS grouping includes Brazil, Russia, India, China and South Africa. At the tenth BRICS Trade Ministers virtual meeting, … Read more
KOLKATA: After deciding to privatise 151 passenger trains, the Centre is planning to auction railway stations to private players after modernising the facilities, Union Minister Piyush Goyal said on Monday. Addressing a webinar organised by the Merchants’ Chamber of Commerce and Industry (MCCI) here, the Union railway minister said the bids for privatising the trains … Read more
New Delhi: Commerce and industry minister Piyush Goyal on Saturday said the government is working on reforms in the mining sector and attracting foreign direct investment (FDI) in sectors where it is constrained at present. “There are further reforms in mining and FDI in certain sectors where it is constrained. We will simplify processes and … Read more
NEW DELHI: Prime Minister Narendra Modi will deliver on Thursday the inaugural address at the India Global Week 2020, a virtual conference being organised in the UK, which will also feature a “never-seen-before” performance on the Aatma Nirbhar Bharat campaign, the Prime Minister’s Office said. Themed ‘Be The Revival: India and a Better New World‘, … Read more